WATCH: Why Murray & Roberts rejected Aton’s offer
Murray & Roberts (M&R) has recovered slightly after its share price came under pressure due to its rejection of Aton’s $400m takeover bid. However, Aton already owns one-third of the company and has the support of Allan Gray, which holds an 11% stake in M&R. Could M&R be up for a hostile takeover? M&R CEO Henry Laas spoke to Business Day TV about why it rejected the offer. OR LISTEN TO THE FULL SHOW: Listen to all latest podcasts here.